Inventory can be said to be ideal if it is at the most economical level without any risk to the company. Usually, a risk will arise caused by an inventory such as ??? costs, damage to goods, loss of goods storage rooms near me. Then what are the essential things in managing inventory?
Here are the vital things in managing an inventory:
Develop an Effective and Efficient Standard Operational Procedure (SOP)
Warehousing activities must have a Standard Operational Procedure (SOP) which is arranged in a clear and detailed manner to receive and handle inventory properly because it is a guideline in carrying out routine work. It facilitates the work operations of all parties involved in the business and can clearly identify obstacles which are easy to track. Many people know that SOPs are made only before the work is done, but besides that there are many that must be made such as if there are changes in work steps, for example, the presence of new machines, new equipment, additional workers, different locations and all that affect the work environment within the company, and it becomes clearer because of the existence of standard operational references.
In addition to maintaining and managing warehouses, inventory also needs to be maintained. There are 5 things regarding inventory maintenance, including Brief, Diligent, Caring, Neat, and Rehearsal.
Always do Stock Hospitalization
Stock hospitalization is another term for the physical calculation of inventory. The purpose of the stock-taking is to find out the correctness of the records in accounting, which is one of the functions of the Internal Control System. With the holding of stock-taking, it will be known whether the records in the inventory book are correct or not, if it turns out that there is a difference between inventory and records, there may be transactions that have not been recorded or even fraud related to inventory.